My morning roundup:

• Wall Street’s Newest Regulator a Longtime Foe (Deal Book)
• Could News Corp end up in play? (Reuters) see also News Corp. Trading at 50% Discount Signals Life Without Murdoch: Real M&A (Bloomberg)
• Stranger moves into foreclosed home, citing little-knownTexas law (K Houston)
Its a topsy turvy world! Wall Street Journal proves Keynes was right (Salon)
• The Scourge of the Faith-Based Paper Dollar (WSJ)
•  The Great Global Debt Depression: It’s All Greek To Me (Global Research) see also What hope is there for us if America is driven to the brink of meltdown? (Guardian)
• How One Man Hacked His Way Into the Slot-Machine Industry (Wired)
• Quick 50 writing tools (Poynter Institute)
• Why social marketing doesn’t work (FT)
• Discreet nonprofit American Legislative Exchange Council (ALEC) writes bills for conservative lawmakers (Raw Story)

What are you reading?

Category: Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

12 Responses to “10 Tuesday AM Reads”

  1. Julia Chestnut says:

    Uh, seriously? The “little known” law of adverse possession? I’m apparently more knowledgeable than I thought!

    What he should do is file the taxes on the property and keep it up. That gives him the property in a very, very short time – I can’t remember exactly, but the number “2 years” comes to mind. There is a long list of circumstances that achieve adverse possession in the statute, and it breaks out the time to fulfill the statute by the type of possession and what you do for the property. Openly paying the taxes on it with color of title is the fastest way.

    Texas is a state that has a very clear, long-standing bias towards the active use of real property – it’s not unique in that regard, but it is not the norm. If you are not using property, and especially if you are not paying property taxes on it, you are at serious risk of being dispossessed. It is also extremely easy to clear title in a number of circumstances that would forever cloud you in any of the original 13 colonies. I don’t see this becoming a widespread practice. But whoever is or was counsel for this mortgage company has some serious ‘splainin to do.

  2. AHodge says:

    National Mortgage News.

    “California Governor Jerry Brown has signed SB 458 into law, preventing holders of second mortgages from pursuing a deficiency judgment on a borrower for unpaid debt after a short sale.

    if this isnt overruled and some other states do it
    $0.5 trillion of losses might get realized and many short sales actually get done?”

  3. DeDude says:

    To fix the problem in Greece they need to pass three laws:
    1. a law that makes it illegal to pay or collect interest on Greek debt for 20 years.
    2. a law that makes it illegal to pay or collect principal on Greek debt for 5 years.
    3. a law that makes it illegal to consider these actions as a default.

  4. DeDude says:

    Having gotten rid of an IMF Chief that was insufficiently obedient, the global banksters mafia made sure to get a nice obedient conservative elected such that their rape and plunder can continue uninterrupted.

    http://www.msnbc.msn.com/id/43654182/ns/business-world_business/t/new-imf-director-global-economy-rebound/

  5. leeward says:

    in case you missed the link BR posted yesterday: Wall Street’s Euthanasia of Industry, it’s worth considering it side by side with the last link on the list above… Discreet nonprofit American Legislative Exchange Council (ALEC) writes bills for conservative lawmakers

    Is the discreet money allowed in our political system helping the not so discreet money to make left and right irrelevant? Is that same influence making this overdone national budget/debt discussion a fixed game?

    http://michael-hudson.com/2011/07/the-euthanasia-of-industry/

  6. Apinak says:

    Here is my oped in the Anchorage paper that was influenced by TBP
    http://www.adn.com/2011/07/11/1962894/both-parties-serve-entities-other.html

    “The last 12 years have clearly shown that our political problems cannot be solved by just voting for different politicians or a different party. Our problems are systemic and our failed system needs fundamental reform. Regardless of your partisan affiliation or your main issues, everyone’s first priority should be to fix our system of legalized bribery.”

  7. AlexM says:

    leeward,

    I could not agree more, the Hudson article was well worth taking the time to read and he speaks in terms that everyone can understand.

  8. farmera1 says:

    Mean while Europe is slipping down that slope of no return (well maybe). Interest rates on 10 year notes are increasing with Spain the most recent to cross the 6.5% barrier with Italy soon to join the party. Lots of debt gets very expensive as the interest rates go up.

    http://earlywarn.blogspot.com/2011/07/european-interest-rates.html#more

  9. Bill in SF says:

    The last link about ALEC just adds further proof that state and federal governments in the US no longer have legislative branches. They merely have Legislation Delivery Systems. The actual writing is performed by corporate lobbyists (the ones with money) and the nonprofit think tanks (the ones who pretend to make no money).

  10. willid3 says:

    you would think that when you get caught doing some thing wrong, and agree to stop doing that, that you would at least wait a year or so before you revisited the scene of your crimes right? but evidently not if your in banking http://www.nakedcapitalism.com/2011/07/quelle-surprise-the-banks-lied-and-robosigning-lives.html

  11. Tezzer says:

    “If history is any guide, you’ve got two years” – predictions of excess from Silicon Valley

    http://blog.thomvest.com/youhavetwoyears/

    “I’m Feeling Lucky: Google’s Employee #59 tells all”

    http://www.fastcompany.com/1766361/im-feeling-lucky-google-employee-number-59-tells-all

  12. Transor Z says:

    A survey of New England Journal of Medicine articles showed that 13% of the articles contradicted existing medical practices.

    http://archinte.ama-assn.org/cgi/content/full/archinternmed.2011.295v1